Losing sleep on commercial property US commercial real estate problems could derail the country’s economic recovery later this year, a top Federal Reserve official said on Monday. “Many banks are pretty heavily exposed to commercial real estate. It is also a big part of the securitization market.
So commercial real estate is one that concerns me,” said Federal Reserve Bank of Atlanta President Dennis Lockhart. Lockhart, a voting member of the Fed’s policy-setting committee this year, said that around US$400B of commercial real estate refinancing was hanging over the market and he was monitoring its progress with care.
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March 5th, 2009 at 4:38 am
Where did you get your blog layout from? I’d like to get one like it for my blog.
March 5th, 2009 at 4:40 am
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you down the road!
March 5th, 2009 at 4:55 am
Hello. I was reading someone elses blog and saw you on their blogroll. Would you be interested in exchanging blog roll links? If so, feel free to email me.
Thanks.